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Cognitive technology has the power to change the way we do business profoundly and transform the way procurement professionals approach their work.

The pace of change in cognitive technology is increasing all the time, and procurement professionals need to prepare for the future now. They need to invest in capabilities and build organizational expertise, so that procurement teams have the necessary skills to manage cognitive technology solutions when they arrive. In this way, they can make sure cognitive technology supports and enhances human capabilities – rather than simply automating or replacing them. They can also develop a fuller appreciation of what the technology can and cannot do, and the implications of integrating it with the structures, processes and technology that they already have.

In this white paper, we examine three key areas of cognitive technology and their impact on the Procurement function:

  • Machine learning
  • Natural language processing
  • Artificial intelligence (AI)
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